Hello and welcome to countdown. I am mark barton. I am anna edwards. And i am manus cranny. 20 of news on the banking sector. The regulator in the u. S. The first to break its cover on this given the details of who they are going to be finding. They have ordered five banks to pay more than 1. 4 billion in an fx probe. Citibank, hsbc, jpmorgan, rbs, and ubs will pay a fine. Not said anything about any conversation they may or may not have had with barclays on this. The banks have said they will cease and desist for further violations, according to the cftc. Some fx traders and banks court knitted coordinated their trading with others. Banks failed to assess risk with cftc is goingthe into detail and word from the u. K. As well. We have got to figure the figure is 1. 1 billion pounds. Before the release a few minutes ago, analysts said that the six , barclays, citigroup, hsbc, royal bank of scotland, ubs, barclays has not been mentioned today. That the fines would total 1. 5 billion. If
Than what the Union Laborers are requesting. Nissan says they expect to pay the highest average monthly rate with ¥5,000 a month. A little change. We saw the stocks rise in japan. We expect to hear from the governor in less than half an hour. Manus lets talk about the composite. It is a 72 gain in the past 12 months. Is this a reserve requirement drop or more stimulus . Yvonne we are talking about a huge rally that we are seeing. We are talking about these signups seeing the highest since before the financial crisis. The highest level as we mentioned. Airlines and Utility Companies jumped. Investors seemed to be betting on the stimulus in the hope of the economy. We talked about how the pboc is ready to step in and thread the needle of reform, if they need to and they see the economy slow down. Some strategists say this means there is a bottomline that is strong right now. China will step in and make sure the 7 growth target is reached and will not go any lower. Manus thank you for th
It prevents taxable profits from being shifted offshore to the luxembourg, but it doesnt look like it is going to be compliant, but it does seem to be forcing the oecds hand. Many countries want to force them. How can they get back the money they are losing in tax dollars . This is one of the big stories of the day. This will have big repercussions for a lot of the companies around the world. Gdp update. Thats what we had. Confirmationt was that in the Third Quarter the french gdp actually shrank 0. 1 quarter on quarter. The question is will france head to a triple dip recession . It might not because we had some good numbers out today. An increase in november of 1. 4 . That was much more than the 0. 3 increase we forecast. Analysts said watch out for consumer stocks as they open today. Speaking of consumer stocks, i will be back in a little bit with the story about german retailers and how they are the u. K. With mince pies. I love that story. Thank you so much. Go to tel aviv. You ar
We are live from Bloomberg European headquarters. We are here in london. I am guy johnson. I am on my own today. We have great guests coming up. Sainsburys fights back. Just thinking hands over the reins. We are going to talk about that and a bloomberg exclusive one of germanys top gear makers looks to score big. We are live with the ceo of paulaner. So, it is a big story. It is all anybody is talking about. Germany flying high. It was a stunning win. It look so easy. 71, beating brazil. The same might not be said about the countrys airline. Lufthansa very much under pressure. Could the world cup give it a little boost . Hans nichols is standing by. Going tohat they are want to hear about how the airline is doing. For me, the talk is going to be of the world cup. The talk is going to be, can they add another route to bring all of these german fans to the world cup . We can talk about longhaul flights and transatlantic flights. The margins are not therefore the gonzo. There for lufthans